It’s getting harder to afford a home – any home – in Miami and that is helping to lead the South Florida market to dominate a national list of most overvalued cities.

Nationally, first-time buyers must now earn 13% more than a year ago (or $64,500 annually) to pay for a starter home. Rising costs measure worst in Miami (up 24.8%), second only to Fort Lauderdale (28%) year over year, according to a recent report from Redfin.


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